Aspen Holdings Preferreds Have A New Owner

Aspen Insurance Holdings Limited's three preferred stocks - AHL.PR.D, AHL.PR.E, and AHL.PR.F - are now backed by Sompo Holdings, a global insurer with A+ ratings. I am upgrading all three Aspen preferreds to Buy, citing ~7.4% yields and Sompo’s robust financial backing and coverage ratios. Sompo’s $101B in assets and 98x preferred dividend coverage ratio virtually eliminate non-payment risk for Aspen preferred shareholders. While fixed-rate coupons limit inflation protection, Aspen preferreds offer superior yields to MetLife and Allstate preferreds; use limit orders due to low liquidity.

Aspen Insurance Holdings Limited became a wholly owned subsidiary of Sompo International Holdings, a wholly owned subsidiary of Sompo Holdings (TSE 8630), in 2026. The three Aspen preferred stocks are still trading under their existing tickers.